SEC Fines BNY Mellon Unit $1.5 Million for ESG Misstatements
BNY Mellon Investment Adviser agreed to a cease-and-desist order, a censure, and a $1.5 million penalty to settle charges with the Securities and Exchange Commission for misstatements and omissions about environmental, social, and governance (ESG) considerations in making investment decisions for certain mutual funds it managed. According to the SEC’s Read More